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Facebook now owns Oculus. The $2 billion acquisition deal of the virtual reality pioneer announced in March has been approved by regulators and today become official. The FCC’s anti-trust team greenlighted the deal in April. Now it has passed the California Department Of Corporations fairness hearing and will go into effect. The exact price of the acquisition came out to $2,001,985,000. Read More

Some reacted to Facebook’s $2 billion acquisition of Oculus VR less than enthusiastically, but the announcement is one of the most exciting opportunities for the future of Social VR — a future where virtual reality will help build stronger online interactions through more expressive communication and shared experiences. Read More

It might be white hot news that Facebook dropped two-bils on buying in, or that Valve’s Michael Abrash has joined Oculus as chief scientist, but I suspect that this generation of virtual reality is already dead. Read More

There are many people out there who take a pessimistic view of Facebook. To them, Mark Zuckerberg is a huckster, out to sell us the snake oils of distraction and dopamine in exchange for our eyeballs and personal data. I take the more optimistic view. Read More

Facebook has officially denied a claim by a New York Times source saying the social network will plaster its logo and interface onto the hardware of its new $2 billion acquisition Oculus.
The New York Times’ Nick Wingfield and Vindu Goel wrote “According to a person involved in the deal who was not allowed to speak publicly because he was not authorized by either company… Read More

Sour grapes. In the era of multi-billion dollar acquisitions and high expectations, it’s easy to have them. But what has driven the mass outrage against Oculus and their sale to Facebook for a cool $2 billion? The endless fear of the sellout, the group or person or brand that catered to one market and then, sensing the end of the road, turned to the wide world and re-rigged itself for… Read More

Today, in somewhat of a surprise move, Facebook purchased virtual reality company Oculus VR. The purchase elicited visceral reactions from people dismayed that Oculus sold out so early to snarky comments about what Facebook might do with it. Read More

Facebook’s deal to buy Oculus VR for $2 billion happened relatively quickly and the negotiations were hammered out over the last five days during the industry’s Game Developer Conference in San Francisco, according to sources familiar with the deal.
Mark Zuckerberg had been by Oculus’s Southern California offices just once before to hang out earlier this year. He played with… Read More

Minecraft creator Markus Persson (aka Notch) has cancelled the Oculus VR version of the game, because, as he puts it: “Facebook creeps me out.” His studio, Mojang, had been in talks to bring a version of Minecraft officially to the VR gaming headset, but he said on Twitter shortly after the Facebook acquisition of Oculus VR was announced that he “cancelled that deal.” Read More

This isn’t bizzaro world. We will soon live in a world where the maker of Doom, Quake and most of my childhood memories works for Mark Zuckerberg. John Carmack will soon be a Facebook employee.
Facebook just announced its plan to buy Oculus VR for around $2 billion in cash and stock. The company will operate independently within Facebook with a focus on gaming. Facebook… Read More

Facebook had a huge success with its web gaming canvas, but got locked out of mobile gaming revenue by platform owners Apple (iOS) and Google (Android). But Facebook seems determined not to miss the next big gaming platform, as today it announced plans to acquire Oculus, makers of of the Rift virtual reality headset, for $2 billion in cash and stock. And long-term, its looking to take VR… Read More

There’s a gold rush on, and the people striking it rich are the ones building things — not apps, not software, but honest-to-goodness hardware, like the Oculus Rift, whose creator, Oculus VR, was just purchased by Facebook for around $2 billion in cash and stock. Earlier today, Intel closed its purchase of wearable health tech maker BASIS, and Google recently bought Nest for… Read More

Wall Street doesn’t like what it sees. Facebook’s stock price (NASDAQ:FB) is dropping in after-hours trading after the company announced its purchase of virtual reality startup Oculus Rift. The stock, which closed up on the day, is now under its open price of $64.25, resulting in a loss of $1.5 – $1.8 billion market cap. Read More

Facebook has announced plans to purchase Oculus VR, the company behind the Rift headset, for around $2B in cash and stock. This includes $400 million in cash and 23.1 million shares of Facebook common stock. Read More